Can I retire at age 56 with 2,650,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$218,835$216,885$214,983$213,127$211,315$209,282
2 years$108,334$106,316$104,361$102,465$100,626$98,578
3 years$71,505$69,479$67,528$65,650$63,841$61,842
4 years$53,094$51,074$49,143$47,297$45,532$43,597
5 years$42,051$40,043$38,137$36,329$34,613$32,747
6 years$34,691$32,698$30,821$29,053$27,388$25,594
7 years$29,436$27,460$25,612$23,886$22,274$20,553
8 years$25,496$23,538$21,721$20,037$18,478$16,830
9 years$22,434$20,494$18,708$17,067$15,561$13,985
10 years$19,985$18,065$16,310$14,712$13,259$11,754
11 years$17,983$16,082$14,359$12,804$11,403$9,968
12 years$16,316$14,434$12,744$11,231$9,882$8,515
13 years$14,907$13,044$11,386$9,915$8,617$7,317
14 years$13,699$11,857$10,230$8,801$7,554$6,319
15 years$12,654$10,831$9,236$7,849$6,651$5,480
16 years$11,740$9,938$8,374$7,028$5,878$4,768
17 years$10,935$9,152$7,620$6,315$5,212$4,162
18 years$10,220$8,457$6,956$5,691$4,634$3,641
19 years$9,581$7,838$6,368$5,142$4,131$3,193
20 years$9,007$7,283$5,844$4,657$3,689$2,805
21 years$8,487$6,784$5,376$4,227$3,302$2,468
22 years$8,016$6,333$4,954$3,843$2,959$2,175
23 years$7,587$5,923$4,575$3,500$2,657$1,919
24 years$7,193$5,549$4,231$3,192$2,388$1,695
25 years$6,832$5,208$3,918$2,915$2,149$1,499
26 years$6,499$4,895$3,634$2,666$1,935$1,326
27 years$6,192$4,606$3,375$2,440$1,745$1,174
28 years$5,906$4,341$3,137$2,235$1,575$1,040
29 years$5,641$4,095$2,919$2,050$1,422$922
30 years$5,394$3,867$2,719$1,881$1,285$818
31 years$5,164$3,656$2,535$1,728$1,161$726
32 years$4,948$3,459$2,365$1,588$1,051$645
33 years$4,746$3,276$2,209$1,460$951$572
34 years$4,556$3,105$2,064$1,344$861$508
35 years$4,377$2,945$1,929$1,237$780$452
36 years$4,209$2,795$1,805$1,139$706$402
37 years$4,050$2,655$1,689$1,050$640$357
38 years$3,900$2,523$1,582$967$580$317
39 years$3,758$2,399$1,482$892$526$282
40 years$3,623$2,282$1,389$823$477$251
41 years$3,495$2,173$1,303$759$433$223
42 years$3,374$2,069$1,222$701$393$199
43 years$3,258$1,971$1,147$647$357$177
44 years$3,149$1,879$1,076$597$324$157
45 years$3,044$1,792$1,011$551$294$140
46 years$2,944$1,710$949$509$267$125
47 years$2,849$1,631$892$471$242$111
48 years$2,758$1,557$838$435$220$99
49 years$2,671$1,487$788$402$200$88
50 years$2,587$1,421$740$371$182$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,650,000, adding $4,001 every year, while hoping to spend $47,831 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/21/8 Blend
55$2,650,000$2,650,000$2,650,000$2,650,000
56$2,924,427$2,783,977$2,742,902$3,127,843
57$3,171,827$2,869,500$2,783,897$3,348,341
58$3,442,858$2,957,611$2,824,663$3,583,319
59$3,739,881$3,048,385$2,865,141$3,839,200
60$4,065,495$3,141,902$2,905,269$4,118,031
61$4,422,562$3,238,241$2,944,982$4,422,064
62$4,814,235$3,337,487$2,984,210$4,753,778
63$5,243,986$3,439,723$3,022,881$5,115,903
64$5,715,642$3,545,038$3,060,916$5,511,445
65$6,233,414$3,653,522$3,098,234$5,943,713
66$6,801,944$3,765,267$3,134,747$6,416,354
67$7,426,346$3,880,368$3,170,364$6,933,379
68$8,112,250$3,998,923$3,204,988$7,499,210
69$8,865,862$4,121,033$3,238,517$8,118,716
70$9,694,016$4,246,800$3,270,844$8,797,257
71$10,604,243$4,376,330$3,301,854$9,540,739
72$11,604,838$4,509,733$3,331,429$10,355,669
73$12,704,941$4,647,119$3,359,442$11,249,210
74$13,914,622$4,788,605$3,385,760$12,229,257
75$15,244,974$4,934,307$3,410,243$13,304,504
76$16,708,220$5,084,347$3,432,745$14,484,530
77$18,317,828$5,238,849$3,453,111$15,779,885
78$20,088,635$5,397,941$3,471,179$17,202,194
79$22,036,989$5,561,754$3,486,777$18,764,264
80$24,180,904$5,730,422$3,499,726$20,480,203
81$26,540,226$5,904,083$3,509,837$22,365,556
82$29,136,825$6,082,879$3,516,913$24,437,447
83$31,994,797$6,266,955$3,520,744$26,714,744
84$35,140,690$6,456,460$3,521,113$29,218,238
85$38,603,761$6,651,547$3,517,792$31,970,831
86$42,416,245$6,852,373$3,510,538$34,997,762
87$46,613,662$7,059,099$3,499,101$38,326,835
88$51,235,151$7,271,890$3,483,216$41,988,690
89$56,323,839$7,490,915$3,462,606$46,017,084
90$61,927,248$7,716,348$3,436,981$50,449,214
91$68,097,743$7,948,365$3,406,036$55,326,067
92$74,893,028$8,187,149$3,369,452$60,692,803
93$82,376,684$8,432,888$3,326,897$66,599,186
94$90,618,778$8,685,771$3,278,020$73,100,050
95$99,696,515$8,945,996$3,222,455$80,255,815
96$109,694,972$9,213,762$3,159,820$88,133,060
97$120,707,898$9,489,275$3,089,713$96,805,148
98$132,838,599$9,772,745$3,011,714$106,352,922
99$146,200,915$10,064,388$2,925,385$116,865,461
100$160,920,289$10,364,424$2,830,266$128,440,928